A Memorandum of Understanding (MoU) for skill development in the manufacturing sector was signed on 8 December 2015 between Ministry of Skill Development and Entrepreneurship (MSDE) and the Department of Heavy Industry (DHI).
The MoU focused on capital goods and automotive sector.
Key highlights of the MoU
• The purpose of the MoU is to create centres of excellence for different manufacturing skills and a multi-location national institute of manufacturing technologies for training education and research by utilizing/upgrading the existing training facilities of Central PSUs such as HMT, BHEL and Instrumentation Ltd. under the DHI.
• The centres of excellence will ensure that a robust national ecosystem for development of skills in the manufacturing sector is created in the country and internationally known best practices in this field are brought in with active participation of countries like Germany.
• Under the MoU, all Central PSUs have committed to invest at least 20 percent of their Corporate Social Responsibility (CSR) funds for skilling purpose.
• The Central PSUs have also committed to provide equipment and machinery, which has been phased out of production line, but could still be used for training purposes to training institutions.
• The MoU will also enable significant scale up of apprentice training in the central PSUs under the Department of Heavy Industry and promote adoption of ITIs by the Central PSUs.
• Apart from ITIs, Advanced Training Institutes and regional vocation training institutes under the Skills Ministry, training partners of NSDC and Sector Skill Councils (SSCs) will also work with the Central PSUs under DHI.
• The agreement will enable private partnership in the entire value chain of skilling through targeted interventions.
Now get latest Current Affairs on mobile, Download # 1 Current Affairs App
When: 8 December 2015
DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.
Japan and South Korea reached Agreement on Issue of Comfort Women
Union Cabinet approved construction of 69 bridges on trilateral highway in Myanmar
Union Cabinet approved MoU between India & Jordan for promoting cooperation in IT & Electronics
Dr Gyanendra D Bandgaiyan appointed DG of National Centre for Good Governance